A financial sustainability requirement protects the government against losses and forces a bank to make better use of scarce financial resources. Early on, Diamond (1957) argued that a development bank needed some investments to be profitable since it has to cover losses on socially desirable but commercially less viable...
Ghana is the first Sub-Saharan African country to issue a foreign currency-denominated zero-coupon bullet tranche to its bond financing mix, enabling it to create fiscal space to build its financial resilience. Ghana’s debut 4-year zero-coupon bond was two times oversubscribed, despite being the first of its kind to be...
GREDA, GIABA, gov’t work towards solution
It is becoming increasingly attractive for money launderers to channel their resources to the real estate sector due to lack of regulations and ineffective supervision and monitoring, moving stakeholders and government to deliberate on policies to address the issue.
According to the Financial Action...
…including an inaugural zero-coupon tranche
In Africa’s largest Eurobond issuance since the onset of the Covid-19 pandemic, Rand Merchant Bank (RMB), the corporate and investment banking arm of FirstRand Bank Limited, acted as Joint Lead Manager and Joint Bookrunner (JLM), alongside other transaction parties, in the Republic of Ghana’s four-tranche...
…recommends it to policy makers guide
The Governor of Bank of Ghana (BoG), Dr. Ernest Addison, has described newly launched book titled ‘Money and Economic Growth’ as policy makers guide in shaping economic discourse in the Ghanaian context.
According to him, the caliber of the author, Dr. Emmanuel Kumah, an experience...
Ecobank Ghana last week held a capacity-building webinar for Non-Governmental Organisations (NGOs) and Civil Society Organisations (CSOs) across the country.
The forum, which was held via Microsoft Teams brought together over one hundred participants, mainly local organisations to deliberate on various topics related to national development, financial inclusion and general...
…. a generous ruling or a compliance burden?
The Income Tax Act imposes tax on income from employment, business, or investment. In ascertaining the income from employment, the tax law requires the inclusion of all benefits and gains derived from the employment. Â
Section 4 (2)(a)(ix) of the Income Tax...
GH¢10bn for Asset Purchase Programme
GH¢5.6bn IMF COVID-19 support
GH¢981m IMF ECF cash
GH¢5.1bn liquidity to CBG
GH¢925m to MFI depositors
The Bank of Ghana has provided clarity on the GH¢22.5 billion support it extended to government in 2020 following misgivings by some members of Parliament that the move...
Leading financial technology (FinTech) provider, Zeepay, has taken a major step in its expansion drive and infrastructure investment with the commissioning of its state-of-the-art campus in the Cantonments enclave in Accra.
The move represents another first for the FinTech, after becoming the first indigenous player to be licensed as an...
…. records 216 % growth in profit
 The Juaben Rural Bank Limited in the Ejisu – Juaben Municipality of the Ashanti Region, has recorded a very remarkable operational performance in the 2019 and 2020 years under review.
The Bank recorded a profit before tax of approximately GH¢2.6million in the 2020 reviewed...
